- Core [CORE], Bittensor [TAO], and Artificial Superintelligence Alliance [FET] led the upside momentum.
- Meanwhile, Mantra [OM], Movement [MOVE], and Walrus [WAL] underperformed significantly.
The week opened with bearish sentiment rippling through the crypto market as Mantra [OM] suffered a sharp crash, triggering widespread risk-off behavior.
While fear gripped most sectors and numerous tokens faced drawdowns, AI-focused assets defied the trend.
Amid heightened volatility, these tokens capitalized on the market’s uncertainty. Hence, surging ahead to top the weekly gainers’ chart with impressive double-digit returns.
Weekly winners
Core [CORE] — L1 blockchain rebounds to a two-month high
Core [CORE] surged 32.45% over the week, decisively breaking through the pivotal $0.60 resistance level, after two months of consolidation below this threshold.
Despite opening the week with a bearish gap, which extended the prior two-day corrective move, the selling pressure was swiftly absorbed, triggering a sharp rebound.
That said, caution is warranted as overbought conditions begin to emerge.
Consequently, the probability of CORE continuing its bullish trajectory next week appears diminished, as the market may be facing a case of “too much, too soon.”
Furthermore, the 26% drop in trading volume, now at $32.52 million, supports this cautionary outlook.
Unless volume metrics show a reversal, the risk of a technical correction increases, potentially signaling a trend exhaustion.
Bittensor [TAO] — AI-focused protocol breaks resistance
Bittensor [TAO] spearheaded the AI-driven rally this week, posting a 20.83% weekly surge to break through the key $300 resistance level.
Following a retracement to pre-election support levels, the asset initiated a relief rally, confirmed by four consecutive bullish daily closes, each establishing higher highs and breaching intermediate supply zones.
Source: TradingView (TAO/USDT)
On the momentum front, Relative Strength Index (RSI) is now showing a bullish divergence relative to prior local highs.
Hence, underscoring a potential momentum shift favoring the bulls and suggesting underlying strength in buying pressure.
From a macro perspective, the move reinforces AMBCrypto’s thesis of AI-native tokens outperforming in a risk-off environment, particularly as high-cap legacy assets consolidate or underperform with subdued weekly returns.
Additionally, the TAO/BTC pair has reclaimed its early-March horizontal resistance, flipping it into new-found support, thereby adding confluence to the current bullish structure.
Taken together, these technical developments position TAO for a potential continuation leg higher in the upcoming sessions.
Artificial Superintelligence Alliance [FET] — Token powering AI sits at a critical juncture
Artificial Superintelligence Alliance [FET] logged an 18% weekly gain, placing it just behind TAO on the leaderboard of top-performing assets.
The breakout above the $0.50 resistance confirms bullish continuation from a prior accumulation range.
However, the token is still capped below the $0.60 macro supply zone. Hence, it could trigger a short-term mean reversion if bullish volume fails to expand.
Notably, FET’s price structure reflects calculated accumulation. Daily candles show tight-bodied bullish closes, and volume has spiked 103% to $124.5 million — a sign of controlled yet growing conviction.
Much like its AI counterpart, FET is benefitting from macro risk-off flows. A clean break above $0.60 could unlock a fresh leg up.
Failure to defend current levels, however, may invite profit-taking and a short-term retrace.
Other notable gainers
Beyond the leading performers, the broader market saw significant price action.
Voxies [VOXEL] led the charge with an explosive 425% rally, outpacing the top 1,000 tokens in terms of price momentum. Lofi [LOFI] and NKN [NKN] trailed closely, posting impressive gains of 158% and 138%, respectively.
Weekly losers
Mantra [OM] — RWA blockchain struggles to reclaim momentum
Mantra [OM] closed the week as the market’s worst performer, tumbling by a staggering 90.54%, driven by a sharp deleveraging event that sent the token into a freefall.
The crash was triggered on the 13th of April, when OM collapsed from $6.35 to under $0.10 within a single session, marking a textbook case of a flash crash.
This crash likely came from too many traders holding overleveraged long positions while the market was already overheated.
Technically, OM broke through several key support levels with barely any buying interest, showing a clear breakdown in structure.
Source: TradingView (OM/USDT)
The RSI dropped below 18, showing extreme overselling.
Despite some minor rebounds, the token has yet to establish a stable bottom. Without a strong recovery and sustained hold above the $0.20–$0.25 range with increased volume, the recent movement appears more like a complete reset than a temporary dip. While there may be a temporary bounce, overall sentiment towards the token and the broader RWA sector has been severely impacted.
Movement [MOVE] has experienced a significant 32.21% decline over the week, making it the second-worst performer. It is the only asset among the top 3 losers to extend its losses, indicating ongoing bearish momentum. The breach of the critical $0.30 support level, following a period of consolidation, suggests weakening demand. Without strong buyer interest and the failure to establish a higher low, a strong reversal seems unlikely. Until $0.30 is reclaimed with substantial volume, MOVE remains vulnerable to further downside pressure.
Walrus [WAL] saw a 14.66% weekly retracement, dropping to $0.40 and ranking as the third-largest decliner. The correction erased previous upward momentum, but there are early signs of potential stabilization in the 1D price structure. While WAL closed the week with an 11.08% intraday rebound, reaching $0.41, a subsequent 4.12% pullback indicates lingering selling pressure. The $0.38–$0.40 range now serves as a crucial intraday support zone, and defending it could lead to sideways consolidation in the short term.
In the broader market, several tokens experienced significant price retracements. WayFinder [PROMPT] led the declines with a sharp 51% drawdown, followed by BabyIon [BABY] and deBridge [DBR] with pullbacks of 43.7% and 40% respectively. Given the volatile nature of the market, it is essential to conduct thorough due diligence before making any investment decisions.
Overall, the market recap highlights the top gainers and losers of the week. Rapid price fluctuations are common in such a volatile market, emphasizing the importance of careful research and analysis before investing.